: LIC introduces Dhan Sanchay plan #finance #StockMarketNEWS #Business Staff Reporter Panaji The Life Insurance Corporation of India has introduced a new plan, Dhan Sanchay, which offers a combination

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LIC introduces Dhan Sanchay plan #finance #StockMarketNEWS #Business
Staff Reporter



Panaji



The Life Insurance Corporation of India has introduced a new plan, Dhan Sanchay, which offers a combination of protection and savings. The plan is available for a term of minimum 5 years and a maximum 15 years. It provides level income benefit, increasing income benefit, single premium level income benefit and single premium enhanced cover with level income benefit as per the choice of the customer.



The maturity benefit shall be payable in the form of guaranteed income benefit and guaranteed terminal benefit. The plan provides financial support for the family in case of unfortunate death of the life assured during the term of the policy. The death benefit shall be paid in lumpsum and/or in instalments over a period of 5 years, as per the option exercised by the policyholder. The plan also takes care of liquidity needs through loanfacility.



There is no limit for maximum premium. The minimum age at entry is 3 years depending upon the chosen policy term.

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